Page 2 - Adani Green Energy

Adani Green withdraws from wind energy, transmission projects in Sri Lanka

The projects in question included two wind power plants to be set up in Mannar and Pooneryn at a total investment of $442 million

Income Tax bill tabled, Modi-Trump meet, Adani Green's projects in Sri Lanka & more

Adani Green withdraws from $442 million Sri Lanka wind power project

The Sri Lankan government had opted to review and renegotiate the terms to bring the cost below $0.06 per unit from $0.0826, negotiated by the previous administration

MSCI Feb Rebalancing: Hyundai Motor in, Adani Green out; check full list

Stock Markets Today: The changes announced during the February 2025 MSCI Index Review, will be implemented as of the close of February 28, 2025

Sri Lanka to renegotiate wind power purchase pact with Adani Green Energy

The Sri Lanka government will renegotiate the power purchasing agreement with Adani Green Energy for a 484 MW wind power project to bring the cost under USD 0.06 per unit, an official said on Tuesday. "We would want it to be below 6 cents US," government spokesman Nalinda Jayathissa told reporters here. The previous government's decision to sign a 20-year power purchase agreement for the 484MW wind plants at 8.2 cents US was disputed as local bidders had offered lower unit prices. Jayathissa's NPP had earlier vowed to annul the Adani green energy project. The new government in December decided not to sign an agreement at the purchase prices agreed by the previous government in 2023. The government refuted news reports that the Adani Green Energy projects in the northeastern regions of Mannar and Pooneryn projects are to be cancelled. However, the government-appointed committee would review the whole project. Adani Green Energy had also earlier rejected reports that the project h

Sri Lanka power project not cancelled, tariff is being re-evaluated: Adani

"Reports that Adani's 484 megawatt (MW) wind power projects in Mannar and Pooneryn have been cancelled are false and misleading," Adani Group spokesperson said

Sri Lanka revokes Adani wind power deal; Group denies cancellation claims

Sri Lankan President Anura Kumara Dissanayake began investigations into Adani's local projects after founder Gautam Adani faced bribery allegations from the United States last year

Adani Green Energy Q3FY25 results: Net profit jumps 85% to Rs 474 cr

Adani Green Energy Ltd (AGEL) on Thursday posted over 85 per cent rise in consolidated net profit to Rs 474 crore for December quarter on the back of higher revenues from power supply. The company had logged a net profit of Rs 256 crore in the year-ago period, according to a BSE filing. Revenue from power supply rose to Rs 1,993 crore in the quarter from Rs 1,765 crore in the same period year ago. "We are steadily developing the world's largest RE plant in Khavda, Gujarat as well as large-scale plants in Rajasthan and other sites, supported by well-aligned transmission planning." "Our updated strategy now includes largescale deployment of Battery Energy Storage Systems (BESS), given significant cost declines in last few quarters," CEO Amit Singh said in a statement. BESS can be deployed relatively quickly and will be crucial in grid integration, supporting rapid renewable growth and complementing the company's existing solar, wind and hydro pumped storage projects, Singh ...

Q3 results today: Ultratech, HPCl, Zee among 59 to post earnings on Jan 23

Q3FY25 company results, January 23: Two Adani entities including Adani Energy Solutions and Adani Green Energy will release results for the Oct-Dec quarter today

Two of the world's largest law firms to defend Adani in US indictment case

These law firms are the Chicago-based Kirkland & Ellis and Los Angeles-based Quinn Emanuel Urquhart & Sullivan LLP which specialises on business litigations

NTPC, Power Grid, NHPC, other power stocks rise up to 7% in trade today

In 2024, solar power spearheaded this growth with addition of 24.54 GW, registering 33.47 per cent year-on-year (Y-o-Y) rise in its cumulative installed capacity to 97.86 GW in 2024

Adani Enterprises tests 9-yr trend line support; tech view on group stocks

Adani group stocks have tumbled up to 47% since the start of December quarter. In case of a pullback Adani Green, Adani Ports and Adani Power can potentially rally up to 32%, show tech charts.

Adani Green Energy up 7% on arm commissioning 57.2 MW wind power component

With the commissioning of this plant, Adani Green Energy's total operational renewable generation capacity has increased to 11,666.1 MW

Adani Energy falls 2% from day high as TN govt scraps smart meter tender

Adani Energy Solutions share: The tenders were floated as four packages in August 2023 to provide the smart meters under the central government's revamped distribution sector scheme

Adani Green Energy slips 4% after Amit Singh to step down as CEO; Details

Ashish Khanna, the current CEO of Adani Group's International Energy Business will be the new CEO of Adani Green Energy effective April 1, 2025

Adani Green Energy's CEO Amit Singh to step down for new role in group

He will be replaced by Ashish Khanna starting April 1, who is the current CEO of the group's international energy business

What led Adani Green Energy share to rally 9% on Dec 12? Check details here

The rise in Adani Green Energy share price came after the company announced that its step-down subsidiary Adani Green Energy Twenty Five, has commissioned a 250 MW solar power project in Rajasthan

Adani Group shares trade firm; Power, Green Energy stocks gain up to 9%

Adani Green Energy Twenty Five, a step-down subsidiary of Adani Green, has commissioned a 250 MW solar power project at Rajasthan

Adani Group most attractive among Indian investment grade cos: Nomura

The Japanese firm also sees 'minimal risk' of termination of 8 gigawatt (GW) Solar Energy Corporation of India (SECI) solar manufacturing-linked projects

Adani's solar contract has lower tariff, can find new buyer: Analysts

Adani Group's solar power contract, which is at the centre of bribery allegations, has tariffs that are lower than competition and can find new buyers in case the pact is cancelled, according to analysts. US authorities have charged Adani Group Founder-Chairman Gautam Adani and others for being part of a scheme to offer USD 265 million bribe to Indian officials to gain a contract to supply 8 gigawatt of electricity generated from solar energy by Adani Green Energy Ltd (AGEL). The group has denied all charges. "If Adani promoters are found guilty, we believe the size of potential penalty is manageable given it is up to three times the value of the bribe," Nomura said in a report. The brokerage said there are about 1.8 GW solar projects commissioned in Gujarat from February-March 2024, with tariff of Rs 2.42 per unit under the 25-year power purchase agreements (PPAs). These operational projects are running under 5 special purpose vehicles, namely Adani Green Energy Twenty Four A Ltd